Examlex
Which of the following functions of money would be violated if inflation were high?
Law Of Demand
The negative relationship between price and quantity demanded: Ceteris paribus, as price rises, quantity demanded decreases; as price falls, quantity demanded increases.
Prices Fall
A scenario in which the market prices of goods or services decrease, often due to increased supply or reduced demand.
Law Of Demand
The economic principle stating that, all else being equal, as the price of a good or service increases, consumer demand for the good or service will decrease, and vice versa.
Quantity Demanded
The total amount of goods or services that consumers are willing and able to purchase at a specific price level.
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